Antam Ready to Engage in Nickel Downstreaming and Electric Vehicle Projects

PT Aneka Tambang Tbk (Antam) is committed to accepting a special assignment from the Government to accelerate the nickel downstreaming programme and the development of the national electric vehicle battery ecosystem. In a statement following the Annual General Meeting of Shareholders (AGMS), Antam President Director Untung Budiharto said the company will continue to strengthen its downstream-based business development and mineral value chain integration, in line with the national development agenda. “Through various integrated strategic projects, Antam is not only increasing added value, but also supporting the strengthening of national industrial independence and Indonesia’s position in the global industry supply chain,” Untung stated, cited on Wednesday (10/6/2026). The assignment encompasses the development of an integrated nickel-based battery ecosystem from upstream to downstream, covering mining activities, construction of RKEF/RKSBF plants, HPAL facilities, refineries, precursors, cathodes, battery cells, and battery recycling facilities. The development of this ecosystem is expected to increase the added value of national mineral resources, expand the company’s revenue sources, strengthen long-term business resilience, and support sustainable growth for all stakeholders. The assignment will be carried out through cooperation between Antam and PT Industri Baterai Indonesia (IBI) together with HYD Investment Limited, a consortium consisting of Zhejiang Huayou Cobalt Co., Ltd., EVE Energy Co., Ltd., and PT Daaz Bara Lestari Tbk., as strategic partners in the development of an integrated electric vehicle battery ecosystem in Indonesia.